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Sah - South African Coal Mining Holdings Limited - Audited Annual Results For

Release Date: 15/07/2011 15:59:02      Code(s): SAH
SAH - South African Coal Mining Holdings Limited - Audited Annual Results for   
the year ended 31 December 2010 and Notice of Annual General Meeting            
South African Coal Mining Holdings Limited                                      
(Incorporated in the Republic of South Africa)                                  
Registration number 1994/009012/06                                              
Share code : SAH ISIN : ZAE0000102034                                           
("SACMH" or "the company")                                                      
AUDITED ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010 AND NOTICE OF ANNUAL 
GENERAL MEETING                                                                 
MODIFICATIONS TO RESULTS FOR THE YEAR ENDED 31 DECEMBER 2010                    
Shareholders are advised that the annual financial statements were mailed to    
shareholders today and contain the modifications set out below to the reviewed  
provisional results published on SENS on 1 April 2011.                          
The modifications resulted from:                                                
Statement of Financial Position and Statement of Comprehensive Income: The      
rehabilitation provision was underprovided by an amount of R2.3 million, while  
the deferred taxation was overprovided by R2.3 million in respect of the 2007   
financial year.                                                                 
Statement of Cash Flows: A portion of the additions in the property, plant and  
equipment was previously incorrectly included in non-cash items.                
The net effect of the modifications on the 2010 annual financial statements, are
as follows:                                                                     
                                Previous  Results   Differen                    
ly        per       ce                          
                                publishe  Audited                               
                                d in      Annual                                
                                Provisio  Report                                
nal                                             
                                results                                         
Statement of financial                                                          
position (R`000):                                                               
Accumulated loss                 (76 189)  (75 965)  (224)                      
Non-current provisions           45 839    45 772    67                         
Deferred taxation                103 643   103 486   157                        
                                                                                
Statement of Comprehensive                                                      
Income (R`000):                                                                 
Taxation                         35 863    36 015    (152)                      
Loss after taxation              10 183    10 030    153                        

Cash Flow Statement (R`000):                                                    
Purchases of Property, Plant     13 172    13 941    (769)                      
and Equipment                                                                   
Non-cash items                   2 508     3 277     769                        
NOTICE OF ANNUAL GENERAL MEETING                                                
Notice is hereby given that the 2010 annual general meeting of shareholders will
be held on Thursday, 18 August 2011 at 13:00, at Wanderers Club, 21 North       
Street, Illovo.                                                                 
15 July 2011                                                                    
Illovo                                                                          
Johannesburg                                                                    
Sponsor                                                                         
Exchange Sponsors                                                               
Date: 15/07/2011 15:59:01 Supplied by www.sharenet.co.za                     
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information disseminated through SENS.                                          



                                        
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